PAYROLL SPECIALIST AT PALMPAY LIMITED

About Company:

PalmPay is an Africa-focused fintech firm, launched in 2019. PalmPay is a mobile payments platform that offers a number of financial services.

Job Description:

Payroll Administration:

• Manage end-to-end payroll processing for all employees, ensuring timeliness and accuracy.
• Collect, review, and validate payroll inputs (attendance, overtime, allowances, deductions, bonuses).
• Reconcile payroll data with HR and Finance records.
• Prepare and distribute payslips to employees.

Statutory Compliance:

• Ensure accurate calculation and remittance of statutory deductions (PAYE, Pension, NHF, NSITF, ITF, etc.) in line with Nigerian laws.
• Stay updated on labor laws, tax regulations, and statutory requirements.
• Liaise with regulators and external auditors on payroll-related matters.

Reporting & Analysis:

• Prepare payroll reports for management, auditors, and regulators.
• Support HR and Finance in budgeting and forecasting staff costs.
• Maintain accurate payroll records and ensure data confidentiality.

Systems & Process Improvement:

• Utilize HRIS and payroll software to improve accuracy and efficiency.
• Recommend and implement process improvements in payroll administration.
• Ensure system upgrades and integrations are properly configured for payroll needs.

Employee Support:

• Address payroll-related queries from employees promptly and professionally.
• Collaborate with HR on compensation and benefits issues.
• Provide clarity to employees on deductions, benefits, and payroll policies.

Key Performance Indicators (KPIs)

• Accuracy of payroll runs (error-free).
• Timeliness of payroll processing and statutory remittances.
• Employee satisfaction with payroll services (measured via HR surveys).
• Compliance with labor and tax regulations.
• Reduction in payroll processing time through automation.

Requirements:

• Strong numerical and analytical skills with keen attention to detail.
• Excellent organizational and time management abilities.
• High integrity and the ability to handle confidential information.
• Good communication and interpersonal skills.
• Proficiency in Microsoft Excel and payroll reporting tools.
• Problem-solving ability and a process improvement mindset.

Qualifications and Skills:

Education & Experience:

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
• 3–5 years of proven payroll management experience, preferably within the financial services sector.
• Strong knowledge of Nigerian payroll legislation, tax compliance, and statutory remittances.
• Experience with HRIS and payroll systems (e.g., SAP, Sage, PayDay, Oracle, etc.).

Salary

Application Closing Date: Not specified

Application Instructions:

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